Public records provided by the Financial Industry Regulatory Authority (FINRA) on July 14, 2016 indicate that New Jersey-based Buckman Buckman & Reid broker Wallace Giakas has been sanctioned by FINRA. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Giakas (CRD# 1068278).
Wallace Giakas has spent 16 years in the securities industry and has been registered with Buckman Buckman & Reid in Little Silver, New Jersey since 2010. Previous registrations include Toluca Pacific Securities in Burbank, California; JW Cabott & Company; Damon Andrews & Company in New York, New York; Princeton Financial Group, which has since been expelled by FINRA; MLB Investments, which has since been expelled by FINRA; Monmouth Investments; JT Moran & Company; AdVest; Domestic Arbitrage Group; EF Hutton & Company; Phillips Appel & Walden; Greentree Securities; and Patten Securities. He is a registered broker and investment adviser with Florida and New Jersey.
According to his BrokerCheck report, Wallace Giakas has been sanctioned by FINRA and is the subject of a pending customer complaint.
In August 2015, a customer alleged Wallace Giakas, while employed at Buckman Buckman & Reid, misrepresented material facts related to a private placement. The customer is seeking $15,000 in damages in the pending complaint.
In January 2015, FINRA sanctioned Wallace Giakas following allegations he used a personal email to conduct firm business despite his knowledge of firm policy prohibiting such. He was issued a 15-day suspension and a fine of $5,000.
In 1987, Wallace Giakas was “permitted to resign” from his position at AdVest following allegations he allowed a public company to include his name and phone number at the bottom of the screen on a televised broadcast without firm approval.
If you have lost money investing with Wallace Giakas, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recover lost funds. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.